Allowance For Loan Losses (Tables)

12 Months Ended

Dec. 31, 2019

Schedule Of Allowance For Loan Loss By Portfolio Segment

The following summarizes the activity in the allowance for loan loss, by portfolio segment (in thousands). The allocation of a portion of the allowance in one portfolio segment does not preclude its availability to absorb losses in other portfolio segments. The following also presents the balance in the allowance for loan loss disaggregated on the basis of the Company’s impairment measurement method and the related recorded investment in loans, by portfolio segment (in thousands).



	Commercial and industrial			Commercial real estate			Residential real estate			Home equity			Consumer			DDA overdrafts			Total
December 31, 2019
Allowance for loan loss
Beginning balance	$	4,060		$	4,495		$	4,116		$	1,268		$	319		$	1,708		$	15,966
Charge-offs	(261		)	(1,358		)	(787		)	(294		)	(1,177		)	(2,777		)	(6,654		)
Recoveries	764			624			369			—			265			1,505			3,527
(Recovery of) provision	(2,504		)	(1,155		)	(250		)	213			1,568			878			(1,250		)
Ending balance	$	2,059		$	2,606		$	3,448		$	1,187		$	975		$	1,314		$	11,589

December 31, 2018
Allowance for loan loss
Beginning balance	$	4,571		$	6,183		$	5,212		$	1,138		$	62		$	1,670		$	18,836
Charge-offs	(733		)	(369		)	(682		)	(219		)	(769		)	(2,701		)	(5,473		)
Recoveries	2,152			732			367			—			166			1,496			4,913
(Recovery of) provision	(1,930		)	(2,051		)	(781		)	349			860			1,243			(2,310		)
Ending balance	$	4,060		$	4,495		$	4,116		$	1,268		$	319		$	1,708		$	15,966

December 31, 2017
Allowance for loan loss
Beginning balance	$	4,206		$	6,573		$	6,680		$	1,417		$	82		$	772		$	19,730
Charge-offs	(400		)	(720		)	(1,637		)	(403		)	(60		)	(2,714		)	(5,934		)
Recoveries	58			112			294			45			63			1,462			2,034
(Recovery of) provision	707			218			(125		)	79			(23		)	2,150			3,006
Ending balance	$	4,571		$	6,183		$	5,212		$	1,138		$	62		$	1,670		$	18,836

As of December 31, 2019
Allowance for loan loss
Evaluated for impairment:
Individually	$	—		$	87		$	—		$	—		$	—		$	—		$	87
Collectively	1,784			2,488			3,448			1,187			968			1,314			11,189
Acquired with deteriorated credit quality	275			31			—			—			7			—			313
Total	$	2,059		$	2,606		$	3,448		$	1,187		$	975		$	1,314		$	11,589

Loans
Evaluated for impairment:
Individually	$	501		$	6,190		$	—		$	—		$	—		$	—		$	6,691
Collectively	306,372			1,445,522			1,638,204			148,928			54,160			4,760			3,597,946
Acquired with deteriorated credit quality	1,142			8,025			2,192			—			103			—			11,462
Total	$	308,015		$	1,459,737		$	1,640,396		$	148,928		$	54,263		$	4,760		$	3,616,099



	Commercial and industrial		Commercial real estate		Residential real estate		Home equity		Consumer		DDA overdrafts		Total
As of December 31, 2018
Allowance for loan loss
Evaluated for impairment:
Individually	$	—	$	428	$	—	$	—	$	—	$	—	$	428
Collectively	4,059		4,015		4,116		1,268		312		1,708		15,478
Acquired with deteriorated credit quality	1		52		—		—		7		—		60
Total	$	4,060	$	4,495	$	4,116	$	1,268	$	319	$	1,708	$	15,966

Loans
Evaluated for impairment:
Individually	$	651	$	9,855	$	—	$	—	$	—	$	—	$	10,506
Collectively	284,018		1,433,674		1,633,241		153,496		51,077		6,328		3,561,834
Acquired with deteriorated credit quality	1,645		11,413		2,097		—		113		—		15,268
Total	$	286,314	$	1,454,942	$	1,635,338	$	153,496	$	51,190	$	6,328	$	3,587,608

Schedule Of Credit Quality Indicators

The following table presents the Company's commercial loans by credit quality indicators, by class (in thousands):



	Commercial and industrial		Commercial real estate		Total
December 31, 2019
Pass	$	276,847	$	1,408,644	$	1,685,491
Special mention	2,472		13,838		16,310
Substandard	28,696		37,255		65,951
Doubtful	—		—		—
Total	$	308,015	$	1,459,737	$	1,767,752

December 31, 2018
Pass	$	250,856	$	1,402,821	$	1,653,677
Special mention	27,886		5,696		33,582
Substandard	7,572		46,425		53,997
Doubtful	—		—		—
Total	$	286,314	$	1,454,942	$	1,741,256

The following table presents the Company's non-commercial loans by payment performance, by class (in thousands):



	Performing		Non-Performing		Total
December 31, 2019
Residential real estate	$	1,636,920	$	3,476	$	1,640,396
Home equity	148,397		531		148,928
Consumer	54,263		—		54,263
DDA overdrafts	4,760		—		4,760
Total	$	1,844,340	$	4,007	$	1,848,347

December 31, 2018
Residential real estate	$	1,630,892	$	4,446	$	1,635,338
Home equity	153,334		162		153,496
Consumer	51,188		2		51,190
DDA overdrafts	6,322		6		6,328
Total	$	1,841,736	$	4,616	$	1,846,352

Schedule Of Aging Analysis Of Accruing And Non-Accruing Loans

The following presents an aging analysis of the Company’s accruing and non-accruing loans, by class (in thousands):



	December 31, 2019
	Accruing
	Current		30-59 days		60-89 days		Over 90 days		Non-accrual		Total
Residential real estate	$	1,629,519	$	5,758	$	1,643	$	83	$	3,393	$	1,640,396
Home equity	147,441		840		116		—		531		148,928
Commercial and industrial	306,375		243		31		184		1,182		308,015
Commercial real estate	1,451,773		1,514		66		—		6,384		1,459,737
Consumer	54,075		156		32		—		—		54,263
DDA overdrafts	4,030		644		86		—		—		4,760
Total	$	3,593,213	$	9,155	$	1,974	$	267	$	11,490	$	3,616,099

	December 31, 2018
	Accruing
	Current		30-59 days		60-89 days		Over 90 days		Non-accrual		Total
Residential real estate	$	1,621,073	$	8,607	$	1,213	$	170	$	4,275	$	1,635,338
Home equity	152,083		1,240		11		24		138		153,496
Commercial and industrial	284,140		397		49		52		1,676		286,314
Commercial real estate	1,445,896		487		94		4		8,461		1,454,942
Consumer	50,894		253		41		1		1		51,190
DDA overdrafts	5,840		467		15		6		—		6,328
Total	$	3,559,926	$	11,451	$	1,423	$	257	$	14,551	$	3,587,608

Schedule Of Impaired Loans

The following presents the Company’s individually evaluated impaired loans, by class (in thousands):



	December 31, 2019						December 31, 2018
			Unpaid						Unpaid
	Recorded		Principal		Related		Recorded		Principal		Related
	Investment		Balance		Allowance		Investment		Balance		Allowance
With no related allowance recorded:
Commercial and industrial	$	501	$	501	$	—	$	651	$	651	$	—
Commercial real estate	3,546		3,572		—		6,870		6,895		—
Total	$	4,047	$	4,073	$	—	$	7,521	$	7,546	$	—

With an allowance recorded:
Commercial and industrial	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate	2,644		2,644		87		2,985		2,985		428
Total	$	2,644	$	2,644	$	87	$	2,985	$	2,985	$	428

The following table presents information related to the average recorded investment and interest income recognized on the Company’s impaired loans, by class (in thousands):



	For the year ended
	December 31, 2019				December 31, 2018				December 31, 2017
	Average		Interest		Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized		Investment		Recognized
With no related allowance recorded:
Commercial and industrial	$	578	$	—	$	845	$	—	$	1,086	$	—
Commercial real estate	4,388		41		4,623		39		4,534		69
Total	$	4,966	$	41	$	5,468	$	39	$	5,620	$	69

With an allowance recorded:
Commercial and industrial	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate	4,261		162		5,043		220		4,307		149
Total	$	4,261	$	162	$	5,043	$	220	$	4,307	$	149

If the Company's non-accrual and impaired loans had been current in accordance with their original terms, approximately $0.2 million of interest income would have been recognized during the years ended December 31, 2019, 2018 and 2017. There were no commitments to provide additional funds on non-accrual or impaired loans at December 31, 2019.

Schedule Of Troubled Debt Restructurings

The following tables set forth the Company’s TDRs (in thousands):



	December 31, 2019		December 31, 2018
Commercial and industrial	$	—	$	98
Commercial real estate	4,973		8,205
Residential real estate	21,029		23,521
Home equity	3,628		3,030
Consumer	—		—
Total TDRs	$	29,630	$	34,854



	New TDRs					New TDRs					New TDRs
	For the year ended					For the year ended					For the year ended
	December 31, 2019					December 31, 2018					December 31, 2017
		Pre		Post			Pre		Post				Pre		Post
		Modification		Modification			Modification		Modification				Modification		Modification
		Outstanding		Outstanding			Outstanding		Outstanding				Outstanding		Outstanding
	Number of	Recorded		Recorded		Number of	Recorded		Recorded		Number of		Recorded		Recorded
	Contracts	Investment		Investment		Contracts	Investment		Investment		Contracts		Investment		Investment
Commercial and industrial	—	$	—	$	—	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate	—	—		—		—	—		—		2		3,098		3,003
Residential real estate	31	2,531		2,531		33	2,326		2,326		33		3,987		3,987
Home equity	10	967		967		10	274		274		13		271		271
Consumer	—	—		—		—	—		—		—		—		—
	41	$	3,498	$	3,498	43	$	2,600	$	2,600	$	48	$	7,356	$	7,261

The Company had one TDR that subsequently defaulted in 2019. The loan balance was approximately $3.0 million and the subsequent default resulted in a charge-off of $0.7 million and the remaining balance was transferred to OREO during 2019.